TNT, Lynette Zang, Bix Weir and more Friday Morning 11-27-2020
TNT:
Tishwash: The Ministry of Finance holds a special symposium to discuss the financial crisis and the white paper
The Ministry of Finance held a special seminar with directors of private banks in the presence of Minister of Finance Ali Allawi and the Governor of the Central Bank to discuss the financial crisis and the White Paper.
During the symposium, the government’s reform plan for the financial crisis was discussed, while the participants stressed the importance of developing a roadmap to properly implement the paper, while working on unifying visions between the public and private sectors and achieving banking reform.
There's a video but it's in Arabic link
Tishwash: Allawi to «Economy News»: We are working on the independence of government banking departments
The Minister of Finance, Ali Allawi, revealed the existence of a proposal to make government bank departments independent of the government, in order to develop their work.
Allawi said to "Al-Iqtisad News" that in the 2021 budget there will be a tendency to separate government bank departments from the Ministry of Finance and become independent departments, in order to develop their work.
He added that the TBI bank model would be similar to, and more sophisticated, in managing other government banks, explaining that the Ministry of Finance is responsible for the work of government banks, while the Central Bank is responsible for the work of private banks link
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Tishwash: Iraq and Russia agree to remove obstacles to trade and investment
On Friday, Iraq and Russia agreed to take all measures that would remove obstacles to trade and investment exchange between the two countries.
A statement of the Iraqi Foreign Ministry, a copy of which was received by the information, stated that “Foreign Minister Fuad Hussein, head of the Iraqi side, met with Russian Deputy Prime Minister Yuri Parisov, head of the Russian side, and the two sides discussed bilateral relations between Baghdad and Moscow, and ways to advance to what meets the aspirations of the two friendly peoples. “.
The statement added, “It was agreed to develop and strengthen the bonds of joint cooperation in the various productive and service sectors. They also agreed to take all measures that would remove obstacles to trade and investment exchange between the two countries, in addition to identifying mechanisms by which bilateral cooperation is activated “.
The statement indicated that "it was agreed to hold the Iraqi-Russian committee for its meetings early next year. link
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Courtesy Of Dinar Guru
Delta ...This is very important...they told us this one [2021 budget] should have the rate. Before that gets to parliament I think the CBI should make their move because the 2021 budget does have the new rate. You don't want to take that to the parliament because the leak would be all the way out. The CBI and the government IMO they have to raise the rate before that goes to the parliament ...the time frame is around December or early January. This is the best guess scenario...within about 40 days to know exactly what's going on...
Pimpy ...there is a little bit of a push from within the government for Iraq to do something with their exchange rate. Very interesting. I tried to see if I could get more information - I called around. There's not a whole lot of information about it...
ALERT! Silver & Cryptos About to EXPLODE EVEN HIGHER!! (Bix Weir)
Nov. 27, 2020
As we crawl into the end of "Year Zero" there no doubt that the POTENTIAL for the long awaited Moonshots for Silver & Cryptos approaches...ALL YOU HAVE TO DO IS HANG ON TIGHT!!
BANNING CASH…Q&A WITH LYNETTE ZANG AND ERIC GRIFFIN
Nov. 25, 2020
Jacques D: I can understand that in a case like a reset all investments in the market could be wiped out and we should have as little debt as possible but what happens to savings held in a personal bank account? Ariana M: If an overnight reset could force my paper dollars to zero, what does that mean for his compensation & pension benefits as well as the wealth in banking and insurance policies? 1:52
Maria G: I have purchased gold with ABC Bullion in Australia and most of my gold/ silver (95%) is in secure storage with ABC Bullion. I hold only a very small portion of gold/ silver coins at home. Should I be concerned about counter party risk on behalf of the ABC Bullion company? Should I be holding all the gold/ silver at home? 5:40
IdahoDoc: We are constantly being told that precious metals are not an investment for making money but preserving wealth instead. When the monetary crash comes will the real value of precious metals increase making us better off, or will the real value of precious metals stay the same but the plummeting living standards of everyone else make us feel like we have become better off? 9:15
Yamil L: How would the banning of physical cash affect the price of gold? 11:37
SapnaDreamsVegan: I would think we should go into and buy income producing assets. Debt will be inflated away and you will be left with hard assets, correct? 15:19
Sigurd: Any thoughts on bitcoins close above the all time high? 16:35